(Bloomberg) — Ray Dalio’s macro fund dropped about 20% this year as the billionaire fund manager found himself on the wrong side of a market rout caused by the escalating coronavirus pandemic.Bridgewater Associates’ Pure Alpha Fund II tumbled roughly 13% this month through Thursday, according to people familiar with its performance, following an 8% drop in the first two months of the year. The firm manages about $160 billion, with about half in its Pure Alpha macro strategy.It’s not known how Bridgewater performed through the end of the week. U.S. stocks jumped the most since 2008 on Friday, gaining more …read more
Source:: Yahoo Finance
